Headed To The Airport

Just a quick note as I'm headed to the airport.

Don't get too excited or depressed by price action today and this week. Every rumor will be met with a wave of selling, like we just saw about 10 minutes ago. Gold looks to catch a bid when it falls back near last week's high of 1610. Silver seems to stabilize in the 40.20-40.40 area.

Remember, deal or no deal, the debt ceiling is going UP. This means at least another $2T in debt...another $2T that will primarily come from QE. Gold is going much higher. My current target is $1800 by Halloween. Take advantage of dips.

More after the close. TF

69 Comments

Shill's picture

Raid

Looks like they are hitting it hard friends.

Such blatant collusion.

mrgneiss's picture

It's their favorite time to

It's their favorite time to hit the PM's, after all, gold and silver must appear to be risky and/or bad investments, and what better time to convey that than the beginning of most trading days:

http://www.seasonalcharts.com/intraday_metalle_gold.html

Shill's picture

Chicago Fed

Index shows economic growth again below average in June

The Chicago Fed National Activity Index increased to –0.46 in June from –0.55 in May; however, the index remained negative for the third consecutive month. Three of the four broad categories of indicators that make up the index improved in June, but only one made a positive contribution to the index.

SilverTree's picture

.

while_you_were_sleeping_800.jpg

stoneeh's picture

Lookin for some TSA lovin?

Lookin for some TSA lovin?

Tesla's picture

Future US Dollar (POSX) Valuation

SilverTree's picture

TSA

tsa_patdown.jpg

Tesla's picture

Haha - TSA

crazy_monkeys_05.jpg

SilverTree's picture

Cute!

Cute!

SilverTree's picture

Dukascopy Forex Data

Neat site I found this weekend check it out it's called Dukascopy

#ALTTEXT_LOGO#

Live FX charts with gold and silver

http://www.dukascopy.com/plugins/fxMarketWatch/

Main Page

http://www.dukascopy.com/swiss/english/home/

Android app! I love this app.

https://market.android.com/details?id=com.dukascopy.informer&feature=search_result

iPhone app

http://itunes.apple.com/app/swiss-forex/id333209903?mt=8

eyeswideopen's picture

Nice news for our Northern friends

Troops arrive home. Remaining scheduled to leave soon

http://news.xinhuanet.com/english2010/photo/2011-07/23/c_131004416.htm

Best wishes to all

beinki's picture

nuff said

LaMachinna's picture

you always know when...

things are tense in the markets.  The talking heads at CNBS chatter incessantly  angry  Like we can't figure it out for ourselves.....

Cleburne61's picture

Fly safely sir

Fly safely sir. 1800 by trick or treat time will put a serious dent in the bankster's funds.

Btw, to those who didn't get to see it, I'll post it once more.  Please pass this along to your friends who "don't see the big deal" about our fiscal problem.  I made it with them in mind, as well as us.  And please, if you've watched it before, don't hat tip me.  It's not about hat tips, it's about getting the word out.  Good luck out there this week guys!

Shill's picture

Broke

BROKE: 10 Facts About The Financial Condition Of American Families That Will Blow Your Mind

1 Only 58 percent of Americans have a job right now

5 - Only the top 5 percent of U.S. households have earned enough additional income to match the rise in housing costs since 1975

6 At this point, American families are approximately 7.7 trillion dollars poorer than they were back in early 2007

7 The poorest 50% of all Americans now own just 2.5% of all the wealth in the United States

10 Almost 20 percent of all American men between the ages of 25 and 54 do not have a job at the moment

Shill's picture

Kimberly Clark

 
Kimberly Clark has announced higher prices for toilet paper.
Higher prices for diapers delayed...but on the way.
 

LIVE COVERAGE: Obama Shoots Down Reid-Boehner Debt Deal

 
SilverTree's picture

CME raises margin

CME raises margin requirements on Treasuries, effective COB today.

http://www.fxstreet.com/news/forex-news/article.aspx?storyid=1b65aeef-ccad-451e-ba1e-577bb7fc4150

proformatrillionaire's picture

Miners

I see that the EE has resorted to pounding the miners. I am guessing that the monkeys were not getting anywhere with spot gold & silver.

Shill's picture

11:08a BREAKING

FFF's picture

The LOVE Monkey--TESLA

Love it, love it, love it!!!

¤'s picture

Hoping for Friendly Skies for TF

Shill's picture

The BS meter

TREASURIES-US bonds erase losses; traders cite DC bomb rumor

http://www.reuters.com/article/2011/07/25/markets-bonds-idUSN1E76O0OS20110725

The BS meter is going to go into overload the next few days folks...stay very alert...Very alert.

stoneeh's picture

Guys.

News is always welcome here, but please make it real news, no standard mainstream media BS. The debt limit WILL be hiked, and the discussions around it are fake to brainwash us into believing these guys really care and that the decision isn't already written in the sand. They can be safely ignored.

Also, more importantly, ignore the metals' (and actually, all markets') movements on so called news that are basically copied from Reuters, AFP and other banker-owned news agencies (-> propaganda machines). These "news" are fabricated and the markets are manipulated. The goal is to program you into believing the markets really actually move on these "news" and to make you buy and sell on a certain kind of "news", thus aiding the market manipulation and the overall scheme.

- Markus

¤'s picture

This is happening now...

...right around the 4:00 mark

SilverTree's picture

Sorry stoneeh, we got the

Sorry stoneeh, we got the impression that this was kind of an open thread.

Jdawg's picture

Thanks

For the reminder.  News is coming in all direction < > / {_ + \.  Thanks for keeping us focus

bensgone's picture

Another Silver Drive By Shooting Coming?

By Silver Shield,on July 24th,2011

The possibility of another drive by shooting is only possible because of people actively and passively supporting the dollar paradigm. Every dollar in the system is leveraged and gives massive power to those that seek to enslave the world with debt and death. Their system is mathematically and inevitably going to collapse. This collapse will be the single largest event in human history and silver is the best arc to protect your family against the tides of change coming.

The mathematically inevitability collapse of all paper assets and the reality it presents,is a much greater threat that any temporary drop in the paper price of silver. (Silver should be at least $500 right now to reflect real inflation. This does not take into consideration the total collapse of all paper assets where silver would become priceless.

The ground breaking Silver Bullet and the Silver Shield laid out the case for selling all of your paper assets and buying physical silver. The thesis is that silver is the most undervalued asset in the world due to decades of silver manipulation. The only way to bring about REAL effective change is to create a physical default.  Buying physical silver is the most revolutionary act one can be making to make REAL effective change in this corrupt and dying paradigm.

Please click below to read the rest of this great article.

http://dont-tread-on.me/another-silver-drive-by-shooting-coming/

ewc58's picture

Chapman right again: PM who wants Palestinian state was target

I for one am shocked, just shocked I tell you...

"Norway shooting: killer 'confirms Gro Harlem Brundtland was main target"

"The man who bombed Norway's capital and gunned down Labour Party youths on an island, killing at least 93, told police he intended to target former Prime Minister Gro Harlem Brundtland, Oslo newspaper Aftenposten said."

http://www.telegraph.co.uk/news/worldnews/europe/norway/8658995/Norway-shooting-killer-confirms-Gro-Harlem-Brundtland-was-main-target.html

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